35 Burst results for "Keene"
WTOP
"keene" Discussed on WTOP
"Gas station attendant and a pregnant woman appeared in court today. But here on WTO for full details in the minutes ahead. 5 48. You know what time it is traffic and weather on the 8s here, bob imler. Well, Hillary owner loop of the beltway after 66 and near early to boulevard I did have a crash on the left side may still be in the roadway there. Southbound on the fairfax county park where I believe they finally cleared the crash near old Keene mill road that had traffic diverted onto Burke Lake, still a lot of slow traffic in the area, but I think now you are able to go beyond Berkeley road of your southbound on two 86, headed toward old Keene mill road stole a lot of extra traffic on one 23 right now. In Leesburg, northbound 15 hung up badly from before Edwards ferry road, and that getting to the crash near raspberry falls a tough lane, blocking the northbound lane. On 66, we're doing pretty well for the most part, interleukin does slow for the toll road in the Maryland and southbound traffic on 95. That is going to slow down quite a bit now from triangle getting to a point before actually one 43 garrisonville as the right lane is closed with a tow truck trying to remove the tractor trailer that was involved in an earlier crash. Northbound 95 near Dale City that cleared that crash so good news there while in Maryland, it is still slow in several stretches of beltway on the interlude through Bethesda, Silver Spring, checking for the crash in college park and prince George's county on the near 95 and westbound 50 before the beltway had a minor crash on the left side. I believe it's out of the roadway already. Traffic is brought to you by navy federal credit union proud to serve members of the armed forces DoD veterans and their families. The members are the mission, learn more at navy federal dot org. Bob himmler got traffic. And let's get that forecast now. Storm team four is Amelia Draper. Partly cloudy skies out there tonight with temperatures mainly in the 30s for the evening hours and overnight lows in the 20s,
Bloomberg Radio New York
"keene" Discussed on Bloomberg Radio New York
"Please should be does have to remind itself and remind markets I should say that it's primary ethos is to control inflation. We don't think that these people will reach a restrictive territory before the start of 2023. The global economy is not getting very soft at the moment. Inflation will probably be staying sticky and hard and companies will pass some of that through. There is lower inflation in the pipeline, but it's not in the headline figures yet, and I don't think the fed is prepared to blink. This is Bloomberg surveillance with Tom Keene, Jonathan farrow, and Lisa Abramovich. Good morning, everyone. Jonathan Farrah, Lisa Bradley and Sam king. We welcome you on a Friday on radio on television. We welcome you to double digit inflation. No, not food inflation in the United States. John farrow, Germany joins Italy. This is ugly. 11 handle for CPI in Germany year over year, 11.6% on CPI. And we've got a big turn of events in this bond market too. Yesterday, major rally, yields lower today, big sell off your tap at the front end of the curve Tom in Germany, the two year up 17 basis points. My problem with this is really, really smart people thinking really, really hard, are undershooting the trend everywhere and you wonder if that's going to be in the United States as well. We said it a few times. We keep talking about peak inflation time. If it's in our past in America, is it still in our future in Europe? Because that inflation number is getting worse, have this conversation yesterday about the ECB, having some kind of step down. Let's talk about how difficult it is for this European Central Bank this week. 75 basis point hike, CPI in Germany with an 11 handle and Lisa PMIs in the 40s. That is the central bankers dilemma. Downside risk the growth upside risk to inflation, what on earth do you do with interest rates? Especially at a time when you did not get the worst case scenario come to fruition or whether it has been somewhat mild, you haven't seen those stockpiles of natural gas come down as much as they had feared and still inflation is coming in harder than people expected, even with lower prices, you wonder, Tom, how this is going to play out. Considering that the ECB is going to try to crack down and we do have a lag. Bring it over to the United States, John two days, Halloween. I'm going as a swap line on Tuesday, November 1. ISM manufacturing survey is 50.0 and a 49 handle there again as that tendency. We'll say if we start to get that downturn in America, Tom, you saw that subtle hints of that in the GDP report. Yesterday, many people did. Well, okay, I take the point here that again, Chris Lowe was outstanding on this of a really fragile GDP report, but here this morning, bringing it over to earnings, forget about Twitter and all that theater. There's some good earnings out there, but everyone focused on big tech dealing with inflammation, dealing with the dynamics of dollars. With a focused on big tech because that's where the waiting is. That's where the power is, the big weightings in a market cap weighted S&P 500. You look how swear our energy Exxon Chevron, crushing it through the air and today on the quarter Tom. Great numbers. What are we here from President Biden, Lisa today? You've talked to Ann Marie and others here. I mean, does the administration get out front here and full election panic? Well, they probably will. They're probably say that this is going to really get their investments up that it isn't as significant as it could be. But what's the actually going to do given that we have two weeks? Two weeks, so the election. And it's not clear what they can do. David costan was a serious in a moment. Let's get through the data John very quickly. I'm going to do yen quickly here backs up off BOJ one 47 51 rounded up one 48. Where is that statistics Sunday? 7 p.m.. Did you just say bad axon as if X was a dog's name? Yeah, Exxon. The president's hospital. That total. Is that what the president's going to do? Bad exercise. Just stop it. Of the election, they're going to get crushed in Washington because they're going to go up there. They're going to be there, you know, I promise to sell the truth the whole truth. And they're going to go project your project. You're going to get a costume before it runs away. You do the data again before costumes waiting for a day. And it's already futures it down by about 5 tenths of 1%. The bond market yields are higher by 9 basis points. The higher in Europe, that CPI print from Germany's ugly. David Carson Goldman Sachs joins us this morning. David, can you explain to me how your world has changed from when I studied three to 4% FX adjustment on equities and all of a sudden we're doing dollar adjustment of 6%, 8% and the CFO of Apple said near 10% yesterday. How does your world change with strong dollar? Well, the way the world changes from a fundamental point here in the United States is that 70% of the revenues of U.S. companies are actually generated domestically. So therefore, the sensitivity of companies from a corporate point of view is largely going to be focused in the technology sector where almost 60% of their sales are overseas. So from that point of view, Tom, the translation back is really going to be focused in certain areas as opposed to broadly across the market. When you look at the sales of healthcare companies, utilities and the telecom companies, even financials, largely domestic in nature, and therefore it's less sensitive than maybe is widely perceived. But it is definitely a concern and a focus on some of the global multinationals tech in particular. I'll tell you, let's talk about buybacks. This came from market insider yesterday. Listen to these numbers, meta spent 45 billion on buybacks last year, paying about three 30 a share on average meta yesterday close with a 97 handle. David cost him what on earth is going to happen with corporate buybacks in the year to come. And just walk us through because I know you and the team at Goldman do so much work on this. The importance of buybacks as a feature of demand in this equity market. So Jonathan critical point is the fact that over the last ten years, every year, the single biggest source of demand for U.S. shares has been corporate repurchases. So question here is this year there'll be up around 5% versus a year ago. And our forecast next year is they'll probably decline by about 10%. So 10% less buybacks in 2023 than this year, that's assuming a soft landing. Jonathan, if you had a recession scenario that's probably down 40%. That is, again, a very significant development in the terms of the confidence the CEOs have in the outlook for business activity in the coming year. That does drive some of their decisions on their capital spending. I've spoken with some boards this week as they think about their uses of cash in the coming 12 months. The idea of how important capital spending is, relative to research and development dollars, how do they think about the prioritization of merger and acquisition spending, but buybacks has been the default use of cash for a lot of companies. And that is likely to be receding as we look into calendar 2023 and that again has been the single biggest support function for equity prices in the last ten years. David, just to sort of underline this point, how much do you expect this to pull back in terms of how much stocks can gain? Just simply because this massive buyer will not be there. Well, it's a big issue. We think about flow of funds if you want to think about it in that context. The idea of pension funds is countercyclical buyers would be one area of source of demand, partially
Bloomberg Radio New York
"keene" Discussed on Bloomberg Radio New York
"With Tom Keene and Paul Sweeney in the S&P 500 is higher at the open. It's up a tenth above her center 5 points at 38 O two. The Dow Jones Industrial Average is down two tenths percent or 54 points at 31,444, and the NASDAQ is up half percent or 54 points at 11,000. Ten year treasury is up one in four 30 seconds. Yield 4.08%, the yield on the two year 4.42%. Nymex crude oil is up half percent or 41 cents and $84, 97 cents a barrel. Comex gold is up three tenths percent or $5 20 cents at 1659 28 ounce. The Euro .9936 against the dollar, the N one 48 O four. Bitcoin is up a tenth of a percent and about $19,400. Tom and Paul. Thanks so much, Karen. Greatly appreciate that. Again, red and green on the screen SPX and NASDAQ slightly positive as well. Joining us now, and this is an important conversation, Larry Adam with us with decades of experience, chief investment officer, Raymond James. Larry, when you talk to the Raymond James audience, what's a number one message you get from Raymond James clients? Well, what do we expect the equity markets to do given the challenges that we've had this year? I actually think looking out, I'm actually more optimistic. I think we're closer to the end of this bear market. And I think when you look out into next year, I think things are going to be more positive. Remind us, it's okay to go down, right? It's like part of the game is to enjoy bear markets, right? I don't know about enjoy, but it is part of the fabric of the market for sure. And for investors you have to have a long-term time horizon and you're going to have to deal with these time periods and oftentimes in our opinion the market overreacts becomes Uber pessimistic and you get these over corrections to the downside, but you have to stay in place so that you can actually enjoy the upside that's likely to come. And John it reminds me of a gentleman from Tennessee. Where John templeton Sir John templeton would say, Tom. It's a time to acquire more shares. So Larry, I mean, Larry, a real quick. John templeton, I think he always has that great quote, right? That bull markets are born on pessimism. And I think that that's a great quote because I think we're in that period right now where we have all this Uber pessimism, whether it's with the earnings, whether it's with the severity that people think we're going to have a recession. I think that's their positioning. And that's why I'm a little bit more optimistic because of all this Uber pessimism baked into the markets. So it's interesting elaborate, we've got a big earnings week this week, how do you think about earnings? What are you looking for in some of the earnings? Again, some of the tech names like Microsoft and alphabet reporting today. But what are you looking for from some of these CEO types? Well, you know, it's interesting. When you look at this earnings season, it's backward looking. And people are oftentimes surprised at when I tell them that the earnings that are being talked about are back from the 4th of July. Think about that. That's a long time ago. So clearly the guidance is the most important thing to look forward to. When I look net net, guidance still tends to be more positive going forward than it is negative. And I think that's really the primary thing that we're looking for is what the CEOs are saying about the future, not necessarily what's just happened. So what a lot of, I guess the folks out there that are trying to take a more bullish stance or saying, hey, all right, rates are rising. We know that that's baked into the market arguably. Maybe there's some earnings risk out there. If there is that'll shake out this earnings season, arguably. So then I can start thinking about the other side. If I wanted to be a little bit constructive, are there some sectors that you like at this point? Well, our three favorite sectors are financials, healthcare, and then energy. And there's really two reasons why. Number one, those in our opinion are the most attractive sectors if you look at valuations. And then second, each one of those has a catalyst to unlock the value. For example, in financials, higher interest rates. And you've seen that during this earnings season, if you have higher net interest margins, particularly for those large multinationals, that should help. If you look at healthcare, the backlogs have been enormous and you've seen a lot of the healthcare companies coming and beating their earnings estimates. And then when it comes to energy, that's really where you're seeing the biggest beach right now. And we think oil prices move higher from here that should be a catalyst. How are others doing on price pricing power? Julian Emanuel over at ever course got an 8% model on revenues, Sam stovall mentioned 10% model on revenues revenues, Larry are made up of unit dynamic and price dynamic. Do they have pricing power even if units are challenged? Yeah, I mean, right now we're seeing an earnings season that they do have that pricing power because as you're mentioning, you've seen revenues go up roughly 8 to 10%, but earnings is only up like two to 3%. And if you look across the broader spectrum, a lot of these companies are saying that their volumes are flat, some slightly down, but they're getting those price increases. I think as we go into next year, we're going to have to start to see these companies start to increase their actual sales because I don't think you can continue to see these price increases continue to go. Because you're starting to see consumers starting to bulk at some of these higher prices. You're starting to see them trade down, for example. Yeah. So I don't think you'll be able to continue to see that trend. I mean, Paul, Coca-Cola, and I've been using folks the real benchmark of going back to 2019 as a casual way, Coca-Cola, EBITDA, 2019, 12 gazillion, and they're now modeling nicely up to 13 and even 14 gazillions. So, you know, that's a kind of progress forward because they're raising the price of that 0% zero calorie stuff I'm drinking 14 cans of it. I just do the original. I mean, that worked for me. They do better. Did you do the new Coke thing, Tom back in the day? No. No, of course not. All right, so classic. Larry, what do I do about geopolitical issues? I got midterm elections coming up and just days here. As an investor, do I hedge delay just ignore it? What do I do about maybe some of the U.S.
WTOP
"keene" Discussed on WTOP
"Dot org. It's four O 8 slow or clock trains called Michael and son and get $100 off a trained cleaning today. Traffic and weather on the 8s and when it breaks, Dave Dillon in the WTO traffic center. Major delays through Virginia, southbound on I three 95 and 95, it's essentially heavy from The Pentagon all the way down to the Springfield interchange. The serious crash happened on 95 southbound under 6 44 old Keene mill road and a couple of right lanes remain blocked for potentially or even the likelihood of crash investigation. But traffic in the main lanes coming off the outer and inner loops does slowly get by the setter and the left. Back on the beltways, it or loop, near van dorn street, a separate crash in a fire rescue response blocks to the left side. That has back traffic up in the local and through lanes onto the Woodrow Wilson bridge because of the crash on 95 south of the beltway in Springfield, traffic on the outer loop is slow back to near Braddock road. 66 westbound, it's a difficult Tuesday afternoon from fairfax through centerville, but the front of the line is moving better beyond route 29 Centreville, the crash was cleared the response has departed and all express and main lanes are open on 66 westbound heading for manassas. The beltway is getting slower at the American legion bridge and there's volume. And a congestion on the Maryland side of four 95, but there's no major traffic trouble as far as incidents go on the belt way, two 70, 95, or on the Baltimore Washington Parkway, but up in Frederick on I 70, there's a crash eastbound after two 70 and it's blocking the left side. You're squeezing by single fat of the right. And yes, this crash appears to involve an overturned tractor trailer on I 70 eastbound in the city of Frederick. This one will be around for a while. Westbound. I believe some of it is visible, and that's why westbound traffic has slowed down significantly because of rubber necking. Visit fits mall dot com to find a safe used car if it's Gerald has hundreds of cars, trucks and SUVs. Next to a new car fits way used cars best it fits mall, dot com today. Dave golden WTO traffic. It is so
Bloomberg Radio New York
"keene" Discussed on Bloomberg Radio New York
"All right. So Marcus, we did here in the United States. We did our part. We sent Tom Keene Lisa brahm Woods and John farrow over to the London for ten days to stimulate your economy, but give us a sense of how the average Britain on the street is feeling inflation these days. Well, I mean, we are just, as I said, we better get a much more of a fiscal as coming through. They're going to take the soften the blow of the cost of the energy price rises. Europe did it much earlier. UK has only started capping things now. So in some senses, we're late to that party, probably for good reason we're going to have more of a efficient utility and energy companies left after these things calm down. But there is some tax cuts coming. So at the moment, everyone feels that beaten up and bruised, but a fiscal is coming. And that's surely we're not going to go into the big recession. I think we're going to flatline. Marcus, thank you so much, Marcus. Ashworth in London, this historic day for foreign exchange seller index pretty much flat under a one 11 on DX why Sterling my eyes are failing me. There it is, Sterling, one 1314, a little bit fragile. And yen was a one 40 now, one 41, 24 stronger again by a good couple percentage points off that intervention. We intervene now with the news in the New York City as Michael Barr. Tom Paul, thank you very much former president Trump responded to New York State attorney
Bloomberg Radio New York
"keene" Discussed on Bloomberg Radio New York
"The consumer is not as resilient as they've been in the past and more sensitive to prices. Stagflation really induces and it's a precondition for a growth recession. You've also got this fact that the world is changing economic volatility is so much higher now. The market has shifted completely away from inflation concerns to what recession concerns. For most people, it looks and feels like a recession. This is Bloomberg surveillance with Tom Keene, Jonathan farrow, and Lisa romulans. Here comes another fed rate hike from New York City this morning. Good morning, good morning, for our audience worldwide. This is Bloomberg surveillance live on TV and radio alongside Tom keen, and Lisa Bradford, Jonathan farrow, futures positive TK up 9 tenths of 1%. We look for another 75. Yeah, wall earnings coming out right now, Bristol-Myers Squibb, ADP, as well. And John, all that comes down to is it's better than good. I think Mickey chowda will give us wonderful color on this in a moment. You see it with Google Microsoft world coming to an end at what? Four 15 yesterday for 20 and you get to the morning and guess what they're up. I'm not going to get that excited. I'm going to call it a side relief time. I think others are too. Maybe signs of resilience given what we've seen in other names coming into this earnings season. Where's the world? But, you know, I think this wraps around with chairman Powell is going to have to say today, which is, you know, we're getting a long. Are we in a crisis as we try to bring inflation down? And this debate we're having this morning on the show. I think it's just fabulous. It leads to that press conference. There are things that are happening, Lisa, that I imagine this fed wants to see, which is maybe job opening start to come down, hiring intentions adapt, a little bit more demand come out of the labor market. We all wanted to see an adjustment in the housing sector. We see a gasoline prices lower. We tick in boxes and do those issues get bigger in a way that maybe the outcomes are undesirable. The problem is, is that the market goes ahead of the fed so much further than perhaps the fed would like. And at this point, yes, perhaps we're ticking boxes now and perhaps it feels controlled, but it can happen in a somewhat sudden fashion that all of a sudden the market does turn. And all of a sudden, the economy turns and the fed finds itself too tight. How much do they talk about this being a desirable outcome versus a weakening at a time when they're signs that certain aspects of inflation are softening IE Walmart with that retail inventory glut having to price it down. It goes to the question you asked earlier this morning. We've been asking it a few times over the last week or so. How do they acknowledge the weakness we're seeing in this news conference and how does that tears up for September? You know, I think that they're probably going to look at the weakness that we're seeing and they're going to say this is what we need to be seeing but that inflation is still there and that needs to be what we combat. They have to continue with that tone. At what point in this I think what people are going to be gaming out after this fed meeting at what point does the conversation change to how much does the unemployment rate have to rise? How much do the jobless claims have to rise before the fed starts to really talk about the labor market mandate as well? And is it rising when they get to September? Let's want to look for. If you're looking for alphabet, we are higher by 3.7% Microsoft doing well in the pre market as well. Futures higher by 8 tenths of 1% on the S&P 500 on the NASDAQ 100 higher two by 1.4% yields in just a basis point or so two 79 40. The Euro shown a little bit of strength. You are a dollar positive four tenths of 1% and crudely. So back to a 96 handle on WTI. Yeah, that's really been one major market. And I will just note that natural gas prices over in Europe have surged to record highs so that of course is the backdrop as we've been talking about throughout the morning with a weaker Europe, interesting the Euro is rallying a bit. Today, here's what I'm looking at. 10 a.m., we get June pending home sales. This has been one area of absolute devastation if you look at how much the volumes have dropped, plummeted in the home sales transaction data. Yesterday we got new home sales, plunging to the lowest levels going back two years. At what point do we see an ongoing weakening here that is not yet reflected in prices may take a while to go into rents, but highlights how quickly this market is responding to what the fed is doing. 2 p.m. we get the FOMC rate decision followed by two 30 p.m. press conference. We get to speak with so many wonderful guests for the fed special, which will start at one 30 p.m.. Muhammad el Arian, William Dudley, Diane swank, all joining us to really parse through what we should be looking for and really what the fed is trying to say because we have known that some of these commentaries have been more accurate than the market immediate reaction knee jerk reaction, which has tended to lag behind the realization that comes several weeks later. I'll just say that. Earnings do continue also after the bell Qualcomm meta Facebook. I will do this for you, John. And Ford Motor, we have seen a complete sell off. How much has been already priced in. And I think that is really the key job, because we aren't hearing the best news out of these earnings, right? I mean, they're not stellar earnings. There have been a lot of beats that have been below average if you look at historical quarterly earnings period. So at what point are we just seeing a market saying, okay, at least it's not the worst case scenario so we can start buying again. Yeah, Facebook has been an ugly story. That's why Tampa, more than 50% year to date. Brahma, thank you. Bigger channel joins us now. Chief global strategist and asset allocation head at Deutsche Bank. Binky, you're asking an important question. Are we seeing signs in this earnings season of rising corporate risk aversion? What do you see binky? So far, I wouldn't characterize the earnings season as showing sort of widespread or broad based signs of corporate risk aversion. But if you take a sort of wider look as to whether we are going into recession, what I would argue is pretty surely we are doing so, but we're doing so pretty slowly. So I put it as a pretty shortly but slowly. As far as earnings are concerned, we are coming in right now as of yesterday evening. Below average beats, I think you got to keep in mind that S&P 500 earnings almost always beat by about 5%. We are running at about half of that right now and of course that's going to sort of keep changing. But I would say the important thing to keep in mind here, since we are talking about recessions, we are concerned about declines. This is really the first quarter in two years that while the headline number looks fine at 6, 7, 8% growth. A lot of that is just simply coming from energy, which we all know all about from oil prices, energy earnings are actually down for the first time a year on year. Look at it sequentially and seasonally adjusted basis. They're down by good three or four. Okay, what's so important here is you and I could talk for three hours about this and never run out of questions and insights on this. I want to cut to the chase, which is sector analysis over the next three years has to be absolutely critical. How do you choose which sectors to go into? You're at a table with folks land now. He's foaming at the mouth about a need for a week dollar. Somebody else is nuts about foreign exchange. All of this other noise right now. Forget about it. Three years out, how do you choose which sectors win? So I think you have to play the sectors according to your view on where you are in the cycle and where we are basically going. I would argue the probabilities of recession have gone up, and there's a little choice, but to be long. So what's your overweight sector right now? So it would be Staples in the healthcare on the view that we are basically UnitedHealthcare as a drawdown of 2%. Nobody knows that. In a down component, John, it's a Dow component. Remember that. And I did healthcare down 2%. I mean, that's the resilience, right? Yeah. It is, but I think you
Bloomberg Radio New York
"keene" Discussed on Bloomberg Radio New York
"Much more ahead on day 8 Middle East This is Bloomberg The only way to start the morning is with optimism Your jobs recovery was sluggish A lot of people agree on that Bloomberg surveillance with Tom Keene Jonathan farrow and Lisa Abramovich Finally we got some abramowitz gloom to get in there The ultimate south second of my B when Lisa capitulates Bloomberg surveillance Must watch Lisa your data point go Tom you're great Never change We did mornings at 7 eastern on Bloomberg radio and Bloomberg television There are a lot of ways to look at the world right now Interesting that you've got an overweight on Hong Kong And the more of them you can access the better What has to be his strategy Perspective Who's doing school best Clarity How do we get it so that the benefits get to everybody Expertise He seems to have exactly the right combination It's character plus policy Bloomberg radio the Bloomberg business app and Bloomberg radio dot com Bloomberg the world is listening Economics All this doing gloom was out there finding Do you see this as a technical correction investment What are you looking at Give you some sort of compass through this period The Bloomberg surveillance podcast Lots and lots of talk about what the fed should and shouldn't do John Keane Jonathan Ferrell Lisa Abraham Alex and the names that shaped the world's markets We speak with professor schiller of Yale University Bloomberg surveillance Listen to dad Bloomberg dot com the Bloomberg business app or subscribe on Apple podcasts Let's get back into the Middle East markets with our equities expert file So far has in terms of.
Bloomberg Radio New York
"keene" Discussed on Bloomberg Radio New York
"Work with any competitors out there You do such great work at Bloomberg intelligence I'm a huge fan I really appreciate your sharing your insights today Jen ree With us on the fastest hour in politics I'm Joe Matthew This is Bloomberg Three hosts who know the markets and the economy Lisa you're not embarrassed I mean Abraham Lincoln is not embarrassed Like I carried away Almost as well as they know each other Tom's a little tired He slept on my couch Thanks Joe a few Ashley appreciate it Bloomberg surveillance with Tom Keene Jonathan farrow and Lisa Abramovich You think the bank is one higher race Lisa Do you think this guy occasionally is blue We pay mornings at 7 eastern on Bloomberg radio and Bloomberg television Wake up and text text and eat Text and catch the bus Text and miss your stop Text and be late to work Sorry Text and work Text and pretend to work Text and act surprised when someone calls you out for not working Who me Text and meet up with a friend you haven't seen in forever Hi Oh hey Text and complain that they're on their phone the whole time Text and listen to them complain that you're on your phone the whole time Uh Text in whatever But when you get behind the wheel give your phone to a passenger Put it in the glove box Just don't text and drive Visit stop texts stop Rex dot org A public service announcement brought to you by the national highway traffic safety administration and.
Bloomberg Radio New York
"keene" Discussed on Bloomberg Radio New York
"Economy Lisa you're not embarrassed I mean Abraham was not embarrassed right Like I carried away Almost as well as they know each other Tom's a little tired He slept on my couch last night Thanks Joe A few hours late appreciate it Bloomberg surveillance with Tom Keene Jonathan farrow and Lisa Ramos You think the bank has won high race Lisa Do you think this guy occasionally is blue We say mornings at 7 eastern on Bloomberg radio and Bloomberg television This is balance of power on Bloomberg television and radio I'm David Russell My old employer The Walt Disney Company has run afoul of the government of Florida over the so called don't say gay law And now even today the state legislators are taking up legislation perhaps to withdraw from Disney It's special status for the Magic Kingdom and the environs around Orlando there We have now with us Bloomberg's news Joe mysak who's written a column on this subject So explain to us what this could do to Disney World Very interesting study world Yeah It's very interesting We don't quite know Here's the re creek improvement district And this is one of the things that young reporters always discover early on they'll be looking at a calendar and saying well reedy creek improvement district they're selling bonds And they're older colleagues will say yes that's Disney Disney World And the Republicans have been so eager to pass this legislation and special session that they've sort of rushed it through And if it goes through as planned they dissolve the reedy creek improvement district And now bondholders and analysts are all wondering what's next How does this have an impact on the box So I think I can imagine in terms of Florida politics what this might be popular in some corners of Florida to take on the Walt Disney come over this issue But do people realize how big an employer how big an economic generator Disney World is down there I mean before Disney World there was nothing there at all right I was thinking about this a few nights ago and I said this is interesting You know Florida was not the making of Disney but you could in theory argue that Disney was the making of Florida Let me put this to you another way The Las Vegas convention center business which everyone wants to emulate brings in about 6 and a half million people a year Now not now because of the pandemic but in the generally speak Disney brings in at least 20 million people to Florida So you could say wow a multiple of the Las Vegas convention business And of course as you know municipalities coast to coast want to build convention centers This is a bring people in to spend more money And here's Disney and it's just so weird to me that they're going out of their way to antagonize them But they're not going to pick up and leave Two words Brooklyn Dodgers Never say never The Dodgers were once in Brooklyn exactly But we don't know the constitution because people don't understand Disney provides everything in that air area I mean it's fire It's police It's medical It's infrastructure Exactly The formation of the district was really all about making it easy and efficient for Disney to build out the Magic Kingdom and.
Bloomberg Radio New York
"keene" Discussed on Bloomberg Radio New York
"The fed is very concerned that they're behind the curve that they've waited too long You're seeing the fed put the classic trial balloons out there and say hey what if we did go 50 I think there was a significant risk of a hard landing and let's since we're being blunt let's say the word recession If Powell is his hawkish as he's trying to make us believe he will be A recession isn't far fetched We're going to get a recession at some point in the next few years The question is when This is Bloomberg surveillance with Tom Keene Jonathan farrow and Lisa Abramovich Life from New York City for our audience worldwide good morning good morning This is Bloomberg surveillance on TV and radio alongside Tom Kean and Kelly line so I'm Jonathan farrow futures up a half of 1% on the S&P Tom Keane for the president of the week begins right now The week begins right now John and it's on diplomacy but I really want to emphasize this John while the diplomacy is going on including the headline that we got the U.S. to welcome up to 100,000 fleeing war That according to NBC is an exceptional blast on the Black Sea right now Fox has the video the times of London reports at AP reports it and in some way the Ukraine navy says the ship blown up The headline to me John is the war continues is the suits and ties meet A three issues at play here Tom Let's pick three of them One is combat The risk of chemical warfare by Russia who is China their role in all of this at the moment that's open to debate and three the energy dependency of Europe on Russia and what the U.S. can help them do Over the next couple of days can they agree on something big It's an interesting John is how those are three disparate parts and to your point and you've mentioned this twice this morning The chemical warfare issue is Jermaine because right now I'd say John correct me if I'm wrong in the last 48 hours there's been constructive Ukraine war news and you wonder what that means for mister Putin keeping on the headlines as they come in carry lines We've seen a few already Vladimir Putin asking requesting to the Europeans pay for Russian gas in rubles The pushback building over the last 24 hours Yeah we saw the pushback starting all right already yesterday when Italy said it is not inclined to do so Now Poland coming out and saying their state owned energy enterprise saying that is just simply not possible It raises the question of what Europe is going to do Maybe it just accelerates the push to wean themselves off of Russian natural gas And of course that's something that the U.S. is going to try and firm up today John This NATO summit Tom wraps up in about an hour then it's on to the G 7 and then Tom on Twitter use summit They're doing the rounds And John this is shock to me how this is such a different NATO than the NATO you and I knew 6 months ago or 6 years ago There is something new here but what are we going to get into statements John Is it going to be the same old same old Would have had two shocks now haven't they Tom The former president let's get it together Let's spend on defense in a massive massive way And don't rely on us too much The second shock Russia opened the European sides to the threat and the doorstep in this way And I think what the president has done this time around Tom And I've said this a few times that I think it's worth repeating Instead of embarrassing his allies publicly he allowed his allies to embarrass themselves And they've had to turn around some and do a massive one 80 on some big issues To me the imagery here of the president of the United States across the Atlantic I know it's timeless I know it's historical but John there's just something different when the president of the United States shows up the dialog changes And we'll keep on top of the dialog through today on Bloomberg TV and radio Let's keep on top of the price action as well Equity features with a lift on the S&P on the NASDAQ up a half of 1% across the board here Yield higher too Look at this We are facing another ten basis point move on a ten year treasury Tom two 38 82 on tens yields up across the curve yields up around the world Yeah commodities up as well I know nickel up jam this morning copper up I looked at LMA which I know you look at and the answer is not out to record highs but Bloomberg commodity index really butt to stop there Look at Brent crude one 22 Look at WTI Kelly lines one 14 63 A lot of volatility but a lot of commodity traders also warning about the lack of liquidity in this market which could be exacerbating all of the moves in either direction Now as we've been talking about big day for geopolitics back to back to back summits with the president in Europe the NATO summit already underway at 9 15 Eastern Time We will be getting the G 7 leader summit followed at noon by the European council summit later today The question is are we just going to see statements words what about action We will wait and we will see We also await data here in the U.S. We get jobless claims durable goods at 8 30 a.m. Eastern Time Does it even really matter to a Federal Reserve that seems pretty much dead set on a 50 basis point move in May That is what we have heard from a chorus of spud speakers Have we heard enough from them The answer is probably no because we get more fed speak later on today throughout the morning Neal kashkari Christopher Waller Evans bostick all four of them will be speaking by 11 a.m. Eastern Time Again 50 basis points we understand it's on the table So what else do we want to hear from them John Will we get more discussion about how the balance sheet factors into all of this Yeah thank you in Brussels team coverage This app begins right now with Amari over in Brussels alongside Maria today AMH the president this administration very transparent about two issues on the table One is the risk of chemical warfare The other is China How does that come together through the next 24 hours Well John let's first start with the risk of chemical warfare the president said this was a high threat as he left The White House en route to Brussels overnight And then of course the G 7 draft that Bloomberg has seen a copy of talks about the use and the threat to president Putin and warns him if he was to use chemical or biological weapons Now we should remember president Putin provided air cover and supported Bashar al-Assad in Syria when he used chemical weapons He also used a novichok in Salisbury united kingdoms This is something that the western leaders are very much so aware that president Putin would technically and potentially come to and divert to the issue is Jonathan as we don't know what those quote severe consequences western leaders have talked about would actually be And when it comes to China Jonathan I imagine what you can see here is there's going to be leaders that want to implore China to first come out and condemn what is going on China has yet to do that And then put China on guard and warn them that they can not help Russia when it comes to skirting around sanctions also providing military support to president Putin What's really key.
Bloomberg Radio New York
"keene" Discussed on Bloomberg Radio New York
"The only way to start the morning is with optimism The jobs recovery was sluggish A lot of people agree on that Bloomberg surveillance with Tom Keene Jonathan farrow and Lisa Romero Finally we got some Abramovich gloom to get in there The ultimate south signal might be At least the capitulates Bloomberg surveillance and must watch Lisa your data point go Tom you're great Never change We see mornings at 7 eastern on Bloomberg radio and Bloomberg television There are a lot of ways to look at the world right now Interesting that you've got an overweight on Hong Kong And the more of them you can access the better What has to be his strategy perspective Who's doing school best Clarity How do we get it so that the benefits get to everybody Expertise He seems to have exactly the right combination It's character plus policy Bloomberg radio the Bloomberg business app and Bloomberg radio dot com Bloomberg the world is listening Breaking news first Or in Ukraine The U.S. says Russia has asked China for military equipment to support its invasion The European Union is set to impose more sanctions on Russia Imports of some steel and iron products were desperate flight of people in Ukraine to try and escape the current spiking gas prices largely to fall to Vladimir Putin For the latest headlines and the effect on the markets Stay with Bloomberg radio the Bloomberg business app and Bloomberg radio dot com I.
Bloomberg Radio New York
"keene" Discussed on Bloomberg Radio New York
"Here on Bloomberg with the latest of course on the geopolitical situation surrounding the Ukraine This has been The composer Joseph Haydn famously said I listened more than I studied It sounds like a law school hypothetical Here in Bloomberg it's the same thing Do you maintain that low rate regime Can you see out two years How do you build a strategy with that eventuality in mind Experts information news The push sets up a potential fight What do we know about how it will go public Bloomberg radio the Bloomberg business app and Bloomberg radio dot com Bloomberg the world is listening The only way to start the morning is with optimism Jobs recovery was sluggish A lot of people agree on that Bloomberg surveillance with Tom Keene Jonathan farrow and Lisa Abramovich Finally we got some abramowitz gloom to get in there The ultimate south sticking of my feet At least the capitulates Bloomberg surveillance Must watch Lisa your data point Go Tom you're great Never change We three mornings at 7 eastern on Bloomberg radio and Bloomberg television There are a lot of ways to look at the world right now Interesting that you've got an overweight on Hong Kong And the more of them you can access the better What has to be his strategy Perspective Who's doing school best Clarity How do we get it so that the benefits get to everybody Expertise He seems to have exactly the right combination It's character plus policy Bloomberg radio the Bloomberg business app and Bloomberg radio dot com Bloomberg the world is listening Economics All this doom and gloom is out there finding Do you see this as a technical correction investment What are you looking at to give you some sort of compass through this period The Bloomberg surveillance podcast Lots and lots of talk about what the fed should and shouldn't do Jonathan farrow Lisa Abraham always and the names that shaped the world's markets and speak with professor schiller of Yale University Bloomberg surveillance Listen to dad Bloomberg dot com the Bloomberg business hack or subscribe on Apple podcasts All right Chinese tech says any of the morning sessions with deep losses investors.
Bloomberg Radio New York
"keene" Discussed on Bloomberg Radio New York
"This is Bloomberg The only way to start the morning is with optimism Jobs recovery was sluggish A lot of people agree on that Bloomberg surveillance with Tom Keene Jonathan farrow and Lisa Abramovich Finally we got some of branwell's gloom to get in there The ultimate south signal might be When laser capitulates Bloomberg surveillance hustlers and must watch Lisa your data point Go Tom you're great Never change We see mornings at 7 eastern on Bloomberg radio and Bloomberg television There are a lot of ways to look at the world right now Interesting that you've got an overweight on Hong Kong And the more of them you can access the better What has to be his strategy Perspective Who's doing school best clarity How do we get it to that The benefits get to everybody Expertise He seems to have exactly the right combination It's character plus pulse Bloomberg radio the Bloomberg business app and Bloomberg radio dot com Bloomberg the world is listening Economics All this doomed groom was out there to find out Do you see this as a technical correction investment What are you looking at to give you some sort of compass through this period The Bloomberg surveillance podcast lots and lots of talk about what the fed should and shouldn't do Lisa Brahma wents and the names that shaped the world's markets You speak with professor schiller of Yale University Bloomberg surveillance Listen today at Bloomberg dot com the Bloomberg business app or subscribe on Apple podcasts I tested positive for COVID-19 as well I feel well and have no symptoms Justin Trudeau.
Bloomberg Radio New York
"keene" Discussed on Bloomberg Radio New York
"This is Bloomberg radio We're going to have a very volatile year ahead of us Buy the dip half life as I like to call it has been shrinking We will not see a repeat of what we had in the last two years The volatility market is essentially already gotten used to this new normal We might just be back to this low growth sword of high inflation era that we were in pre-pandemic This is Bloomberg surveillance with Tom Keene Jonathan Farrell and Lisa Abramovich From Berlin New York and London for our audience worldwide good morning This is Bloomberg surveillance live on Bloomberg television live on Bloomberg radio You can stream us on the Internet You can probably get us in smoke signals I'm Matt Miller alongside pretty Gupta and Danny Berger Tom Keane Jonathan farrow and Lisa abron witz are off Two of those people don't have a birthday today One of them does Happy birthday Jon fair I hope you're sleeping still In terms of the markets you might as well be asleep pretty We don't really see much going on For me and Danny I'm almost over in the U.S. of course you haven't opened yet and it looks like you're going to open down We have an open yet It's just getting started So don't what's the word here I'm looking for don't put the evil eye on it That's what I'm translating in my head from what my mom thinks Don't drink said that's what I'm saying Sorry truly international programming here folks Yeah you know what's interesting to me though is that the vix is actually higher We're looking at 18 handle when it comes to that volatility gauge I wonder though if it's going to increase as we start to see perhaps a sell off people getting rid of the positions that they do have in the market going into the last day of 2021 Maybe a little bit of a year end repositioning there We've been talking about the light volumes all day I've got another terminal function to throw out for you go Matt this is just really encapsulates just how little people are treating today Currently the composite volume on the stock 600 is 1.6 billion typically at this time of day it is 14 times that amount So you know everyone rightfully at home celebrating John farrow's birthday Yeah exactly And the end of 2020 one Thank goodness That we're ending this year Actually Andy peck ocean was telling us something concerning This is the official I guess or the unofficial two year anniversary of the beginning of COVID This is when the first when the world was first made aware on the Internet of the first case out of Wuhan today two years ago so it feels like it's been more like 15 or 16 years but I guess it's only been 24 months since the first case that we are aware of Let's talk about what we got coming up on this program I think Michael purvis is waiting in the wings somewhere But coming up savate Sith equity research analyst at Raymond James we also have Christina hooper global market strategy that investigo Dan tenenbaum of Oliver Wyman and Mercedes carnet found in the northwestern university feinberg school of medicine So even if the markets aren't moving that much we still have a lot to talk to you about and we are glad if you have joined us here on Bloomberg television and Bloomberg radio Oh the markets Didn't we just go through this I guess we did kind of the S&P futures are down 13 points Euro Right now unchanged at one 13 16 ten year yield also unchanged at one 50 32 The only really interesting move that I can see because the S&P futures that volume is so light it doesn't really matter that much but imex crew down one and a half percent It's not a huge drop but pretty you know I've been looking at nymex and Brent this month and thinking even if you have concerns about inflation even if you're worried about omicron this is an indication that mister market still expects economic demand remains strong Yeah the best really kind of take on whether growth or not is happening or not of course really tied to that gasoline consumption in the United States Of course the consumption in China and India as well the big question though is how much of what's happening in the oil market is a function of what's happening with the European gas crisis how much of that and there's plenty of politics with Russia is being factored in to the price of what you're seeing in Brent crude for that matter I'm so glad you mentioned that because that I think is the one exciting market today It is on track for its biggest drop ever in a week It's down some 24% Dutch front month futures I mean it's a boring day in markets maybe but it still is exciting when it comes to natural gas mat It's not boring at all It's super exciting Thanks for joining us I'm super television and radio Now Danny actually didn't you point out I mean we saw we see the Dutch contracts down like 13% Didn't you show U.S. Nat gas up like four people Yeah it is up It is of course the concern in Europe all has to do with supply more LNG shippers now going to Europe So that's helping to curb some of those record high prices We've seen But in the U.S. it's about cold weather It's a lot of the Midwest That's particularly cold so that means we're on track for gas to have its biggest rise in a year since 2016 So Matt I hope you are prepared for your U.S. move with a lot of parkas and blankets Yeah I'm looking forward to it I like to be able to wear more clothes You're loading up Actually I'm wearing khakis and a blazer today All week I'm not wearing a full suit That's my own personal protest Michael purvis joins us founder and CEO of talbach and capital advisers for all we know He might not be wearing pants But I'm pretty sure he is Michael how are you doing Thanks so much for joining us Happy New Year's Eve day to you What do you make of this I mean it's been an incredible year for people long equities up like 28% And the third year in a row of big double digit gains can this continue I actually think it can And I think there's sort of an instinctive national suspicion but hey you can't get four double digit years in the S&P 500 in a row but just not supposed to happen And I think while I appreciate that sort of instinctive concern I actually you know my price target for next year is 5500 which is up another 15% from where we are right now There And I think it's people have to look back this year I was you know I was among the highest for the year end for this year at 42 50 from 12 months ago when I upgraded that to 4800 in July And here we are almost 4800 I think we took it yesterday But look the arithmetic of the probabilities for me spell it a pretty obvious way The ten years time arrangement that reinforces a pretty healthy equity risk premium And you're looking at nominal GDP next year in the United States of 7 to 8% That's just based on Bloomberg consensus forecasts.
Bloomberg Radio New York
"keene" Discussed on Bloomberg Radio New York
"Growth as well It doesn't need to be inflationary I'm not worried about revenue There's certainly plenty of demand out there pretty much across the board The issue is can that demand be fulfilled This is Bloomberg surveillance with Tom Keene Jonathan farrow and Lisa Abramovich A bit of risk aversion this Wednesday from New York City for our audience worldwide Good morning good morning This is Bloomberg surveillance live on TV and radio alongside Tom Keane and Lisa brahmin I'm Jonathan Ferro This Wednesday futures negative 53 we're down on the S&P 1.2% Tom keen on the NASDAQ which M1 point four We are down 1.4% It's moving out there as well And John as you said in the last hour you go to the currency dynamics as well What about the thundering silence of the weak dollar crew I mean it is stunning how that is stopped Strong dollar this morning Tom risk aversion the thread of higher yields is pretty clear isn't it You buy the green pack You find the U.S. dollar dollar index 90 through 94 ton We're positive four tenths of 1% there Right And the CDS market the credit default swap market some of those indicators showing attention Yes it folds into Washington As well John our guests coming up here really is pushed against weak dollar for months and months and months Margaret McCormack looks like a genius Looking forward to that Is it fair to say the epicenter of all of this is energy The percent are certainly natural gas in particular And when you take a look at the United Kingdom that's even more the epicenter where you see prices absolutely surging But there's a bigger story here And that is the transition of an economy at a time of a perfect storm I mean how many factors do we talk about Supply chain disruptions A pandemic And then you deal with the fact that we're trying to transition to greener energy You put them all together and it's a mess Do you remember the hopes of September Lisa Yes do you have a good fun What happened to September It turned into October And now we're talking about maybe it's not going to come She won 22 Well are we even though do people expect her to be a sort of moment where we realize yeah we're all able to go travel again I think that those hopes are fading And I think that's what we're feeling And that's just an idea of the conversation right now And here's the setup this Wednesday Let's put through the price section Equity futures are negative for the lower The S&P 500 is lighter by about 1.2% The NASDAQ is down 200 We're negative 1.4% into the bond market Given what is taking place in the equity market in the bond market right now they're not big moves rubber basis point of two on ten One 54 32 ton I walked in and was surprised I'm sorry I think I saw one 55 tenure They're not big moves but the vectors in the right direction It's the system Correlation It's persistent Yields have been moving higher off the lows of early August from one to 58 through one 54 and threatening to go even higher from here The FX market talked a little bit about that dollar strength and Lisa you wrote down one 1540 negative a half of 1% And to me the story of the yields and the story of the dollar go very much together the idea that here you have a risk off mood bonds are not a haven Why Because what is the threshold for the fed to start tapering the $120 billion of monthly bond purchases That threshold has gotten a lot lower 8 15 a.m. we get U.S. September 80 P employment change The expectation is for it to indicate perhaps a bit of a better jobs report on Friday However of course this is not necessarily that negative Again what is the threshold for the Federal Reserve A lot of people are saying that the bar has been lowered They want to stop buying bonds even if the economy is showing some strains So at 11 a.m. President Biden is hosting a meeting with business leaders including the CEOs of Bank of America and Jamie Dimon of JPMorgan to talk about the debt ceiling expect a lot of catastrophic discussion about the potential risks of defaulting does this matter to anyone You do see that the T Bill yields have been rising however still not indicating the same kind of distress that we saw throughout markets back in 2011 And today is the second day of the Bloomberg invest conference You've got a host of great speakers including Michael or Getty of Ares as well as Greg Johnson of Bridgewater and highs of Wellington management The interesting thing to me John has been what they have been saying about China The world's second biggest economy slowing down increasing regulatory risk they do not want to own it And I think that this is important The idea that Don Fitzpatrick of Soros came out and said we are not putting money into China right now She is not alone People rethinking their strategies at a time when they're looking for diversification but not at the risk of regulatory uncertainty to this degree Always brilliant here from Greg Jensen British water really looking forward to that Lisa thank you so much A classic risk of setup in G ten in foreign exchange looks like this Outperforming the yen and the Swiss sea That's why you've got today underperforming the commodity currencies The likes of the RC the likes of Norway that's also what you have today We need to talk about foreign exchange Your backdrop this morning a stronger dollar Mark McCormick a TV securities the global head of FX strategy joins us right now Mark a story of performance over narratives your line start there unpack that for me Yeah it's a great question because I think what we have is there's a lot of narratives There's narratives around real rates about central banks around stagflation reflation all these dynamics related to this kind of transition period we're going through as well And I think what the performance tells us is that currencies are respecting mean reversion They're trading off of mean reversion based strategies valuation positioning these things that are really kind of technical they sit behind the scenes but they're just not really sexy macro stories It's not really about the fed It's not really about what's going on in some of these global dynamics But the point is if you're trading FX a core strategy that focus on mean reversion plus growth plus terms of trade and plus the risk aversion dynamics we see is really the combination that's done great through this declaration period or this stagflation narrative through the summer So I think that's a big part of it is again thinking about what's driving FX in terms of performance and what's rewarding currencies versus what's being discussed as a narrative If there is an interest rate dynamic and then you go over to a flow analysis and Mark you've nailed this over the last year with dollar resilience Are we near big figure jump conditions in the major pairs I don't we are but we're also not This is where the performance analysis comes in The question is is does the move in these currencies reflect a risk premium Or are they moving with fundamentals And the flow side is really kind of what drive us away from fundamentals So when you think about Euro it does look it's screaming very cheap right now in terms of positioning short term valuation But again the flows can push us maybe to one 1450 one 15 But again there's not a dynamic here that we've seen Euro move lower at this magnitude where it's kind of validated by the move in the relationship it has to other macro drivers So that's where again the flow dynamics are important But if you look at the weakness in the end it is calibrated quite well with the weakness that we've seen or the relationship we have across yield curves and inflation dynamics in terms of trade shock that we're dealing with now So dollar yen moving higher is a bit of a more sticky trade relative to what we've seen in the Euro at least in the very short run How damaging is the strong dollar right now for emerging market currencies considering that this is exactly what they do not want to see A higher inflationary premium in developed markets certainly in the rates markets Right across the board is challenging and you can see it's probably challenging because if you look at the relationship of Euro in revenue we should remedy should be trading at 6 80 That's your historical correlation over a running couple of years So you can see that a lot of it is managed A lot of it is kind of coming through back in G ten It's probably running through gold prices as well You know some of these more liquid currencies You can see Koreas Been sold off quite aggressively So yeah I do think a big part of the relationship with EM is EM as a whole is going to underperform as markets are repricing the fed the real pricing rail rates They're dealing with stagflation But there are winners on a relative basis in EM If you think about central banks that are hiking if you look at growth stories that are generally okay if you look at the terms of trade shock and who wins the miters and the exporters and the.
31 Thoughts: The Podcast
NHL to Investigate Allegation That Evander Kane Bet on His Own Games
"Elliott considering the nhl's involved with numerous sports betting partnerships and have partnered with numerous sports books any indication of games being either thrown or players. Betting on their own games are taken seriously by the league and vander canes wife on instagram saying quote. Can someone asked gary bettman how they let a player gamble on his own games bet and win with bookies on his own games The nhl reacted swiftly and indicated. They will conduct a full investigation. To which elliott friedman says. What i'm sensitive to this whole evanger keene situation and a lot of people i talked to are the team that you know everybody's caught up in the allegations and what's been posted on social media but i think there are also people involved here who are sensitive to the fact that no it looks like he's headed to a divorce and you know i'm sensitive divorce personally jeff. Because in my family there have been a few of them and my friends have been through a few of them. And i see the bite it takes out of everyone involved and you know there's a young child here to a young daughter so i think people are really sensitive to that that the qian's are going through a very difficult difficult situation and if you can avoid it you don't wanna make it worse. You want to try to find a way to make that as easy as possible on everyone involved including the child so some of the people i've spoken to are like that's the big thing. We really should be worried about here. And i wanted to say that. Cain released a statement on his social media accounts on sunday morning. Denying the gambling
RiYL
"keene" Discussed on RiYL
"Yeah in the beginning. It was a wanted. The idea that i did something to be useful. I still think is kind of useful. I think i think i make messages. I say things in my work paintings in the performance. The the live painting team later but that seemed to actually have been kind of naturally but the idea of what might are to be useful. I wanted people to you know when i saw my stuff look cheap. People get it and then they give it to their friends. I just went over the house. And i bought it paintings and i'm going to give you one could give you on so it felt. It felt like i'm part of a system instead of a special unnoticed and everything that mentions the the number of paintings you've done which the last i size is more than three hundred thousand and said is that right. Yeah how exact tally. you keep. Oh i don't. I don't keep acidic thing but it's about the amount of wood that i buy over the decades and chop it up and everything i've seen it mentions the number of paintings that you've done. It always mentioned the fact that you sold or gave away three hundred thousand paintings in it and it seems like that second part was i assume a big part of what got you up at running was just kind of handing these off the people or making them. You know commodities mass produced. making it. something that somebody could just sort of almost stumble upon an album or postcard when you art school. It's just kind of like you've got to be good and like i never understood what being good was. I never understood with being skilled or interesting. Was and i just wanted to jump over that kind of feeling and i still feel that now i just i just feel that. Perform a service in been doing this a long time so the feelings aren't exactly when i was young when i was young i was flying in the air that i if you give away things and if things are cheap you have power..
The Horse Racing Radio Network Podcast
A Stroll Through Racing History: Peter Pan
"Later today. The new york racing association will present the peter pans. Jake's a grade three tests for three year olds of the violin. Eight at belmont park. The racing world will be watching to see a potential belmont stakes. Contender might emerge from the field and has been the case many times in the past but for our purposes. We take a look back at peter. Pan himself the champion thoroughbred of the early twentieth century for whom the race is named peter. Pan was a home. Home-bred fold in nineteen hundred four for owner breeder and wall street investors. James r keene. His trainer was hall of famer. James rowe who would count peter pan among the record thirty four champions. He conditioned turf historian. Ws burke described peter pan as a bay with a narrow blaze. his head was broad between the is deepened the jowl and square at the muzzle. He had a stout neck. A beautifully laid shoulder and a deep girth and flakes. His barrel was buried. Full the ribs arching the quarters massive and the tail set low all according to vosper on another occasion fosberg described. Peter pan is a big burly bay with every evidence of constitution and a degree of courage which helped him carry his speed. When the pace was at its fiercest asks for breeding. Peter pan was the son of belmont stakes winner and two-time forcibly your command bill. His mother mayor named cinderella and one in stakes company in england at a mile and a half. His third dam was a full sister to the epsom derby winner of eighteen. Seventy two as a two year old in nineteen. Oh six. Peter pan scored his first aches victory. On june twenty eight taking the surf stakes at five and a half furlongs as the co. Second choice at the sheep's head bay racetrack in brooklyn a few weeks later on august sixth. He's on the flash bakes the same distance saratoga leading all the way under top weight of one hundred twenty five pounds as the two to one favorite
Bloomberg Radio New York
"keene" Discussed on Bloomberg Radio New York
"Tom Keene involves Sweeney and the opening bell brought to you by FBI Challenges highlight once character partnership and resilient, said FBI they act is one community but their clients go to s ee ay si dot com slash banks and the S and P 500 is little changed at the open. It's up to blind, said 42 04. Now Jones Industrial average down to transfer center 70 points at 34,477. The NASDAQ is higher up half percent. Or 68 points at 13,703. 10 Year. Treasury Up 7 30 seconds You have 1.54% they yield on the two year 20.13%. Nynex. Crude oil is down three quarters of a percent on 50. Cents at $64.20 a barrel Comex gold up 9/10 Percent or $16.80 at 18 32 50 announced the euro one point to one of six against the dollar. The yen what? Oh, 8.71, Tom and Paul Karen, thanks so much greatly greatly appreciate this historic day. There's no other way to put it within the natural disaster that spans Oh, back to Valentine's of year ago, there have been surprises and shocks along the way. Short term paper market. Full faith in credit and things outside. Full faith and credit is truly the depths of the market. It is the the touch that you have the pulse of the market. Tick by tick drum. Snyder is expert at this of Pimco. Ah, perfect Guest for 9 32 Wall Street time. Trump Snyder when you saw the employment report What did you look at on your Bloomberg terminal? Or what did you say? I need to look at this in the next 30 minutes. Good morning. There's a there's a variety of things that obviously are coming to mind. One you know, clearly, the trade off was right to job and job openings and unemployment. That's going to be a structural discussion that's gonna obviously create implications for the shape of the yolk urban frankly rates as we know it, and then you know, As soon as the number came out, you started digested. You can quickly see that. You know, some of the data is more volatile. We had here. Pimco thought that some of the high frequency data stalled a bit in the past month. We didn't forecast this kind of, you know, with revisions and downward Downward spike, But I think that we expected that you know that some of the jobs would come back. And then when we actually did see some of the bright spots in this report, if you want to put call it that where that some of the coded sectors actually did Okay during this period. And so I'm not saying that the market is looking through it at this point time make work early, Lower Neil's, although it has rebounded substantially from the 10 year. 1 45 clearly but I think what we are is recognizing the fact that the said we'll probably uses to continue to be remain vigilant, remain patient and remain dovish for the foreseeable future and in the context of the report. Look through and try to highlight some of the some of that structural question question that goes on for us in the short term markets. I think it says one thing that short term benchmark rates are going to remain very low for a long time well into 2023. Has overnight report rated zero T bills close to zero, and this is the challenge for investors is trying to balance safety, which is not paying you a lot right now versus being Maura, Opportunistic and where you think risk it appropriate risk adjusted returns might be, and that's going to be the challenge for the next not just the next few months, but probably next 1 to 2 years as we evolved out of this All right. So drum, this'll seems this data point here, as you know, uh, exceptional as it was, seems to play right into the rhetoric of fed Chairman J pal in terms of lower for longer until we see the whites of their eyes. You know, we're gonna remain on the sidelines. Is that your expectation? Is that the rhetoric you expect to continue to hear? From this Federal reserve. Yeah. I mean, the Fed has actually been very well coalesced around that rhetoric in a surprising how well you know he's effectively corralled some of the dissenting voices, at least in the recent future or the recent past. I think in the future as you look forward, you know, this probably gives all of them more ammunition to pal to be into that Denver sentiment to be patient to see what happens in evolved and to do so clearly in the face. Central banks around the world who are looking to reduce. There are two to taper to reduce their stimulus, and we've seen that from the Bank of Canada. We've seen it from the Bank of England. Even this morning, the E. C. B. We saw discussion of potential tapering to begin in June and and I think that that is something that he's gonna have to press against. So clearly, the said, and Jerome Powell wants to be last in that sacred thing to even begin to the paper and begin that discussion of removing Some of the accommodative policy measures that we've seen. So just goes back to the point that these low rates that we're going to see are going to be here for some time, and they're going to do so in the context of making sure that the economy is on firm footing, making sure that some of these structural challenges in employment are somewhat result. Maybe not entirely result and to get some of the 8 to 9 million jobs that are still remaining out. Um, you know, in in a in in the in basically into the discussion points for the market, simply put is he's gonna have a long runway. Yep. All right, Drum lower for longer. What does a guy like you in the short term end of the market Do where do you guys go for any type of yield? Right now, we're what we're doing is basically looking to the market and trying to create diversified portfolio. Those diversified portfolios are really consisting of looking at high quality structure. Credit. Asset backed securities string a little bit away.
WBZ Afternoon News
New Hampshire man arrested for alleged participation in U.S. Capitol riots
"In Keene, New Hampshire, is facing federal charges after Admitting to storming the U. S capitol last month and drinking wine he founded a lawmaker's office. The criminal complaint last week on Friday was filed against Jason Riddle in US District Court for it'll arrested earlier today without
Bloomberg Best
WHO's David Nabarro on the speeding up of COVID-19 vaccinations
"On Bloomberg Surveillance with Tom Keene and Francine Lacqua and Tom kicks things off here by asking the borrow About the massive problem of not getting shots and people's arms fast enough. I want to speak not about cases, which I can't count or death, which I don't trust. But the hospitalization surge in this insanity of it. We can't get vaccinated fast enough. What is the new borrow solution to jump start the rate of vaccinations? And double dose vaccinations. Thanks very much. Indeed. There is no alternative, but To make vaccines available as widely as possible as soon as they get approved. I don't want any corners to be cut on the approval process so each vaccine must go through their phase three trials and then be properly assessed by national regulators, as well as by the World Health Organization. That's the only option we have. If we're going to rely on vaccines to get this pandemic to subside, just one last point. Vaccines won't be enough on their own. We will need to continue to pay attention to the rules that were set over the last few months about physical distancing mask wearing isolating when sick looking after those were frail and vulnerable. Because these basic principles backed up by strong public health work at local level still will be key for the coming months, even years. To enable societies to get on top of this pandemic.
Greg Bedard Patriots Podcast with Nick Cattles
What Is the Patriots' Plan at Tight End?
"Second question i had foil is regarded. These tight ends that they drafted in the third round as a fan of them. Going after two tight ends. Because i just. I was hoping that it was going to go back to the kind of offense like nam doesn't gronk were your and it. Obviously that isn't happening but it's almost it's almost like a redshirt of the two of them. This year. I think they have one. Catch combines the between the two of them was going into the season with them. So limited on getting offensive snaps. Was that planned or was it more based on their health or was it more based on that this belgian just wasn't seeing what he thought he was gonna see leading up to the draft. Stop yeah i well i think number one you earn and sort of what you see on the practice field. You know ossie was okay to start camp I would see either of them. Blue anybody away. And i know there have been some injury issues but i don't really think that's been much of a factor i mean you know you look at back in two thousand and ten when they had gronkowski and hernandez people kind of forget that hernandez was the one who hit i him he was he was a decent part of the offense from the gecko that year. We're gronk was really more a blocking tight. End do a little bit. By the end of the season he was catching touchdown passes and becoming more of a force and so guys have their own path. And it's all brian what they show how they get the offense how they execute stuff like that from people that i've talked to around the team. It just with devon. Aw siasi good for about two weeks and then tom for every nfl rookie. There comes a point in time when they realized the. Nfl is hard that these guys are good. That the coaches are tough that being a pro and having to wake up every day and do a day after day and sore body and all this stuff like it sets in like it's a profession and some guys look at it like You know. I'm not having a whole lot of fun anymore. This was like when you know when. I went to rutgers and i was playing on the baseball team. You know my second. I could come back from his hand surgery. I had but i really wasn't having that much fun anymore in kind of wanted to be more of a college kid so alice sort of left the game but these guys they realize it's it's a profession in some of them rise. Some of them love it some of them rise in say okay. I like this i can. I can meet the challenge and push through and some guy sort of shrink in from people i've talked to. That's been siasi. Here has not been a lot of mental toughness behind the scenes. I think you can see some of it in his play on the field in terms of just as body language when he's on the field donkey i think he has more of a chance. I think the consensus. And i know. Albert brewers working on something about ballot. Check in his drafting. And i think he's gonna talk about these titans because we've been chit chat and back and forth The past couple of days but about how like everybody says like dalton kimes overdrafted Qian's been almost like a big puppy where he's kind of all over the place and you think he wants to be there. I think he loves football. So i don't really worry about him. It's when he's going to get it. And i think once he gets it and he gets his role and they create more of like a crash jensen type of role for him. I think he's gonna flourish. And i think he's going to be a weapon for this team. Aussie i don't know what kind of future i don't know if he has any future here to tell you the truth and i think the patriots Fell into a trap. And i don't know if this was by design or just bella check being bell check. But what tom we're not idiots they certainly are idiots. We all knew the deal at receiver in tight end and so for belgium to come out of this draft trade out of the first round. Give up like a kenneth murray or whatever you wanted to do there and then take three defensive guys would your first three picks like when there were tight ends. Probably that you had rated higher there that you just passed on and all of a sudden you're scrambling it looked like to get off siasi and dalton keen like. That's problematic and to me. It illustrates sort of the personnel problems that they've had last four five
For the Love of Podcast
How to Land a Sponsorship Deal
"I did learn sales and i had a talent for sale so i knew that whatever i did i can always find work because people always need somebody to sell for them but then of course i said we'll let strike out on my own and start these businesses but the businesses Did not work. So i took that job and it was just a really toxic situation. I had to work with people. I didn't like and sometimes at lunch i would just go down on my car and cry and then i was in that abusive relationship for four years because basically i had no self-confidence the one thing that precipitated me leaving that job was my boss moving in with me in the same office and i had kind of a jerry maguire ending where i said forget it. I can't be here anymore. I had no job to go to when i broke up with the abusive boyfriend. I had no other relationship to go to. But i just kinda knew that everything would work out for me I love your story. And i relate to it especially this part of your story where we always have naysayers in our. We have people who say we can't do something or we shouldn't do something and usually they're the closest people to us there are family. There are close friends. The other relate to is this whole business class thing. I started as an econ. Major and quickly realized i wasn't jiving with the not kind of class i got into film and you grew up with art being centerpoint. As you've just said. I know one of the people who's both special in your life but also was that early. Naysayers your father. Keene talk about your relationship with him and how played a role in your life. Yeah well i've always had kind of a good relationship with my dad in. I admire him very much. And my father is all of five foot three. He's a very small man. And i'm not even by feet tall so i definitely take after him in a lot of ways but after the two failed businesses. I said dad. I'm going to start another business and remember all had was art school training. So what would you say to a crazy kid. Who said okay. I'm going to do another one. He said you're crazy. He said you're not qualified. You're living in a dream and it was really really hurtful to me and we didn't talk for about a year. We had a rift between us. I didn't really come to family functions. But i gotta tell you that my father. He did come around. He called me and he said. I am so sorry for anything that i said that was hurtful to you and linda. I m so proud of you. And i want everybody. Who's listening to this. If you have children please tell them how proud you are them every day because they are dining your it. I thought my heart would absolutely burst wide open when he said that. And now my dad is my biggest fan. Where so close. It's embarrassing. I have a daddy date every sunday. And he's really helping me through this time. The pandemic linda. He says i grew up in the depression. We didn't cast. We didn't have when people we had bread lines and we were so isolated. I want to tell people that are listening to us. Maybe you have a great support system. Maybe dull and i didn't. I didn't have the support my family. So i listened to things like this podcast. I went to entrepreneurial groups. I found a group of people who could support me and hold my business in light. So you've gotta find that group who can support you and who you can learn from also remember the people in your life habit agenda. My dad had an agenda. He was being protected dad. He didn't wanna see me fail again. He didn't wanna see me get hurt. I see that now. But i was a little too immature to see it at the time Yeah and i think they do have our best interests at heart and it just comes out in a different way. By the way you lead your an emotive person and so You know. I relate to that sale side. You've found your sales side. I found my sales side. You say sponsorship says the relationship is. We'll get into that in a minute before we get into that. You know the other thing that you talk about as you got third business idea. Which was your bag business. You said you were there with your cat. Your cats are business partner kind of sitting on your kitchen table and you had this idea and you became your name and your brand became the wealthy bag lady. Talk about that experience. And then how that led to the women's small business expo which really opened your eyes to this world sponsorship. Well the bag. Business was a business that i started with. My best friend cheryl being an artist. I had always collected with beautiful graphics and one day my mother your survivor of a jewish mother. You'll know what i'm talking about said. I'm coming by your apartment now. I was living in a little rent controlled apartment. And what you do with everything. That's laying around. I had all these bags
Rush Limbaugh
Jobs Report Shows Economy Improving, but Also Long-Term Damage
"Meanwhile, the U. S economy added 638,000 jobs in the month of October. That's roughly 100,000 jobs more than what was expected. Unemployment did fall down to 6.9%, however, that is still much higher than what it was before the pandemic took hold in the country and the number of long term unemployed those jobless for at least 27 weeks or more. Increased a 3.6 million people around the country, the job losses in government. Of course, you never want to see anyone lose their job. But many of these were expected 138,000 of them were related to the senses. That's J. J. Keene, a hand the chief market strategist at TD
Trivia With Budds
11 Trivia Questions on Hodge Podge
"Trivia questions just for you I use these at senior communities to close out my our trivia with them, so these might be a little bit easier for you. If you've been looking for an easier episode, this might be the one we're going to jump into those eleven questions right now here we go. All right guys Hodgepodge Trivia questions. Here's number one. What chocolate company says blank makes the very best number one. What chocolate company says blank makes the very best fill in the blank. Question number two. What to word French term means goodbye, and the spelling counts on this one. What to word French term means goodbye number two spelling counts. Number three also called a Dung beetle what was associated with the divine aspects of the early morning sun in, ancient Egypt number three also called the Dung Beetle was associated with the divine aspects of the early morning Sun in Ancient Egypt. And question number four. What two syllables Zodiac sign covers most of July number four. What two syllable Zodiac sign covers most of July? Question number five for the first time since nineteen eighteen. What East Coast team one baseball's world series in two thousand and four number five for the first time since nineteen eighteen. What East Coast team one baseball's world series in two thousand four. Question number six. What desert covers much of the African country of Mali number six. What desert covers much of the African country of Mali? Number seven what female Carolyn keene character has been solving crimes for more than eighty years number seven. What Female Carolyn keene character has been solving crimes for more than eighty years. Question Number Eight, according to the Constitution. What is the minimum age? You have to be to become a US president number eight, according to the constitution? What is the minimum age to become? President Number Eight. And question number nine. What's the second line of the nursery rhyme? Three blind mice number nine. What's the second line of the nursery rhyme? Three blind mice? Two questions go in this hodgepodge quiz number. Ten summer nights was a song from what John Travolta and Olivia Newton John Movie Number Ten summer nights. A song from what John Travolta and Olivia Newton John Movie and pretend. And you're bonus for two points. What mythological creature is the basis for the starbucks logo? Number eleven points what mythological creature is the basis for the starbucks logo? Those are all your hodgepodge questions, and we'll be right back in just a second with the Hodge podge answers. Our guys. We're back with hodgepodge answers. Let's see how you did number one. What chocolate company says blank makes the very best. That's Nestle Nestle makes the very best number two. What to word French term means goodbye and spelling counts. That's all reservoir, and it's a you space our. Our our our number two. Number three also called the Dung Beetle. What was associated with the divine aspects of the early morning Sun in ancient? Egypt that is a scarab number, three is scarab. You might find one of those in the mummy movies and number four. What two syllables Zodiac sign covers most of July. Has Cancer Cancer Number Four? Question number five for the first time since thousand nine hundred East Coast Team, one baseball's world series in two thousand four. The Boston Red Sox number five the red SOx And number six. What desert covers much of the African country of Mali the Sahara? Desert Sahara desert. Number seven? What Female Carolyn? keene character has been solving crimes for more than eighty years. That is the counterpart to the hardy boys. Nancy drew number seven. Nancy drew. And questionable eight, according to the constitution, what is the minimum age? You have to become president thirty five years old thirty-five? Question number nine. What's the second line of the nursery rhyme? Three blind mice? It's see how they run number. Nine three blind mice see how they run.
Trivia With Budds
11 Trivia Questions on Hodge Podge
"What two syllables Zodiac sign covers most of July number four. What two syllable Zodiac sign covers most of July? Question number five for the first time since nineteen eighteen. What East Coast team one baseball's world series in two thousand and four number five for the first time since nineteen eighteen. What East Coast team one baseball's world series in two thousand four. Question number six. What desert covers much of the African country of Mali number six. What desert covers much of the African country of Mali? Number seven what female Carolyn keene character has been solving crimes for more than eighty years number seven. What Female Carolyn keene character has been solving crimes for more than eighty years. Question Number Eight, according to the Constitution. What is the minimum age? You have to be to become a US president number eight, according to the constitution? What is the minimum age to become? President Number Eight. And question number nine. What's the second line of the nursery rhyme? Three blind mice number nine. What's the second line of the nursery rhyme? Three blind mice? Two questions go in this hodgepodge quiz number. Ten summer nights was a song from what John Travolta and Olivia Newton John Movie Number Ten summer nights. A song from what John Travolta and Olivia Newton John Movie and pretend. And you're bonus for two points. What mythological creature is the basis for the starbucks logo? Number eleven points what mythological creature is the basis for the starbucks logo? Those are all your hodgepodge questions, and we'll be right back in just a second with the Hodge podge answers. Our guys. We're back with hodgepodge answers. Let's see how you did number one. What chocolate company says blank makes the very best. That's Nestle Nestle makes the very best number two. What to word French term means goodbye and spelling counts. That's all reservoir, and it's a you space our. Our our our number two. Number three also called the Dung Beetle. What was associated with the divine aspects of the early morning Sun in ancient? Egypt that is a scarab number, three is scarab. You might find one of those in the mummy movies and number four. What two syllables Zodiac sign covers most of July. Has Cancer
Bloomberg Markets
Jack Welch, GE''s legendary CEO, has died at 84
"Police wages in corporate management has died Bloomberg's Bob Boone has this look back at the life of former General Electric CEO Jack Welch my last company wide meeting I thank all of you for what you've accomplished and even more for children in the future general electric's values Bloomberg's Tom Keene recall grew four thousand percent in twenty years on it is legendary executive people forget now here was a Jack Welch who invented how you do business which is don't make mistakes make as few mistakes as you can within the manufacturing process which now sounds like the but the time was revolutionary many workers took another view branding him neutron Jack for ruthless factory shutdowns and layoffs false kindness is the dumbest thing in the world it's the coolest thing in the world Jack Welch retired in two thousand one Bob moon Bloomberg radio Jack Welch dead today at the age of eighty
AT40
Lucy Hale reflects on Fantasy Island reboot
"Summertime I Lucy Hale her new shows Katy Keene just for me on the C. W. and she starred in the movie fantasy island which is in theaters now actually we caught up with Lucy the other day she told us that fantasy island takes the story from the original in a much different direction yes I play Melanie from like a snarky millennial who goes to the island physically like they won the golden ticket to go like a lottery and my wish was to get revenge on the child and fully right now super original man but said the nature of the island kind of takes a dark and twisted turned so it's no longer than the original yes so I haven't actually seen the original but from what I hi matter right now like this it's like the bones of the show and then they make it so now that you're doing television
Kilmeade and Friends
Joe Biden Eager to Debate Mike Bloomberg on the Issues
"Is Mike Bloomberg trying to buy the presidency tell us where ever I guess when you have over sixty billion dollars is think you can do about it I'm looking forward to baby numbered about his support for African Americans I'm looking forward to debating Mike Bloomberg about his is ten years I'm looking forward to because I sure can't compete with him in terms of money well that was killed by a short time ago talking about the fact that there is some tapes out of Michael Bloomberg in twenty fifteen basically saying why we need to stop and frisk in the area it was a ham handed description of how he deals in minority communities which he apologized for but not specifically bus stop and frisk months before he apologized for stop and frisk he was saying I can't run for president because I found myself apologizing for everything and I just can't will be able to do that well something happened and he feels like he is able to do it will be enough with me right now getting set to talk about this for about twelve hours of brit you the legendary a news anchor reporter very smart guy so Joe Biden says he wants this debate about the African American community with Mike Bloomberg should you want to well yeah because that's a perceived weak weakness with Bloomberg is also perceived weakness of Bernie Sanders so obviously this is an and Biden is thought to have tremendous strength among African Americans how well it will hold up after nearly losing streak in these primaries remains to be seen but but surely this is what you'd expect bye bye and at least say he wants so you heard some of those twenty fifteen tapes I did all right I'll play one of them one of these cuts just in case some of our listeners with the stats say brit Hume that they tune out every ten to fifteen minutes so I might have lost somebody so here we go cut fifty cut nineteen and it was all my god you are resting here's the marijuana all my heart yes that's true why house minority that's true and that's also part of it yeah and that's the one we just heard because most of the crimes committed a minority communities in this is the line that people are underlining the Pratt par scale was pulled out sometimes what you gotta do is just throw somebody against the wall and first them listen the regarded at first sound bite to just put it right we live in a country now we can't say that even though it is probably true man it is undeniably true that minority committee suffer the highest crime rates yes so if you're trying to suppress crime that's where you'd go you'd go with the crime is you can't say that because it's politically incorrect to say so but it is factually correct even if politically incorrect so is it so he could you pay a price for this in the Democratic Party with and want to hear this but it's true in fact also is it stop and frisk for which he's now apologizing was effective in helping suppress crime in New York started by Giuliani continued under Bloomberg he always defended it and now because he's bailed out on it because he he thinks he can't get anywhere the Democratic Party if he doesn't and the sad thing is that's probably true right so what would you do if your Bloomberg now we everything you said is a hundred percent correct now the ball is yours now deal well the way I like to say a bunch of mealy mouth stuff about how is incentive to put it that way and he was trying to do policing for the benefit of a minute with things you can say but you know then they're not going to play in in a party which sinks in anything that in any way is even impliedly critical of in a minority is it is a terrible political St I want you you would don junior just said about this as we played it what he said about it on our show is obviously it's sort of you know the racist clips coming out today I mean I was pretty extreme I mean if a Republican said things that you do that he said the Bloomberg said about African American minorities they'd be calling him first just get out of the race no because he's a Democrat because all of the other Democrats ultimately won his money if he's not the nominee he will get a total pass but every resulted column out this morning I hope she did that's great you know and and Donna can actually you to do that and be in be honest about it but like the real if Donald Trump said what Michael Bloomberg said they'd be telling a baby demanding he resign and step out of the race as you know my little book get it passed because everyone wants a big check the truth is when Michael Bloomberg said that he was a Republican right he didn't change his party registration to twenty eighteen he was still Republican when he said those things was he as an air New York he was a Republican we had we had you have three terms I'm not sure if he was Republican at that time it mind yeah anyways he changes party registration twenty eighteen so and for all for info on Denton purposes he was are you know it's interesting because now well even no criminal just reform is hot right now nationally locally now we're seeing what's happening in these major cities with crime coming back in trucks coming back especially were watching the assassinations the murders they're happening in New York taking up again people might want to go back to the law and order days you know these it's always a case it no matter how liberal the city is when the crime gets bad enough people want to crackdown and will rewarded as Rudy Giuliani's career New York illustrates right so you see you don't have police sealed you few Palmer get out where this is his number non non sentiment worries it that he's a Democrat now and and he's he's got this is the kind of stuff he's gonna have to deal with right couple other things Joe Biden for me when people try to figure out who's hot who's now why is culture resume why did their peak drop was Elizabeth Warren to me Biden is the simplest one to figure out it is pure a performance you watch him on the stump people are concerned I mean I've never seen someone underperform like this have you I've known Joe Biden since he came to the Senate I've always liked him on a personal basis is one of the nicest men I've ever known he's always make gaffes always I mean the classic example of a bind gave his when he said that no poor poor kids everybody's smart as white kids that's that's kind of the buttons always side but Brian when he screws in Keene New Hampshire in rooms as Terry like keen the so what's not to like about for months that's a that's an old man's gaffe I know this because I sometimes make them myself when he's when he couldn't remember where he was and that he could remember he was out of office when he said that he had met part of our kids yeah that's a that's a confused as a memory and a confusion issue of the kind of elderly people have and he's got him and and you see it on his performance on the stumping see the uncertainty in the confusion as a Tatian and I think people looking at noticing they don't want to say that they think he's too old but that's what they think he's too old and eighties and nineties at times almost non compass menace right I don't think that you could take trump losses have guesses same trump I don't think it's a Bernie Sanders losses that because the same guy right well they may try it roughly well in and trump in is trump and he hasn't it isn't any better or any worse in his discourse and he's ever been in the same I think it's true Bernie Sanders the same it is true I think of Bloomberg the Bloomberg is now I guess is it is the oldest the second only to that and for some we're discussing right and he seems on top of his game by this loss to step in and in it look it happens is is that you don't hold it against him but is a presidential candidates a
First Light
Democrats Turn Combative To Gain Edge In New Hampshire
"Democratic presidential candidates are burning up the campaign trail in New Hampshire ahead of tomorrow's primary Bernie Sanders in Keene it is absolutely imperative that we see that the most dangerous precedent in the modern history of this country Elizabeth Warren taking aim at Pete booted gentian Michael Bloomberg if it's going to take sucking up to billionaires or being a billionaire to get the democratic nomination to run for president but all I can say is buckle up America because our government is going to work even better for billionaires
WBZ Midday News
Leading white nationalist accused of threats on message app
"A white supremacist who became nationally known after violent twenty seven demonstrations in Virginia is arrested in New Hampshire this morning on federal charges related to alleged threats he made last year the FBI says Christopher Cantwell was arrested in Keene after being indicted by a federal grand jury he's charged with extortion and sending interstate threats get well accused of sending a vulgar threatening message to someone using the messaging app telegram in an attempt to extort personal identifying information kid well according to the indictment threat to sexually assault the man's wife and front of him and his children yet well was charged in connection with the white supremacist rally in Charlottesville in twenty seventeen that left a protester heather higher
How I Built This
LRABAR: Lara Merriken
"So if you've recently walked the Energy Bar Section of the supermarket you might be surprised or rather overwhelmed by the number of choices I mean for starters there are hundreds of different types of energy bars which is kind of crazy if you think about the protein bars and Paleo bars whole thirty in Vegan and gluten free in Cacao infused with macho powder there is probably an energy out there for each and every one of us and that whole revolution it really got started in the one thousand nine hundred eighty s with cliff bar and if you've heard previous episodes of the show you might have heard our interview with Gary Erickson who actually invented those cliff bars well in the early two thousands Laura American came up with a pretty simple concept shockingly wasn't really out there in the world it was an energy var made from two or three Ryan gradients like almonds or cashews all together with dates now la bars may not seem like a big deal today right you get them pretty much anywhere any seven eleven but back in the day they were kinda revolutionary and how she even came to inventing them to building this brand well there was no direct path Laura never tended to start her own business or even to sell a product she grew up in the Denver area her parents ran a pretty successful high end clothing store and Laura was really into sports she was actually good enough to make the US women's volleyball team but after she graduated from college with a degree in psychology she wasn't really sure what to do so she came back to Denver and got a job as a social worker and she started to work with kids and teenagers who needed help it was hard I mean just emotionally difficult job it was intense it was always chaotic We were on call every six weeks I had this is at a time red carry a pager round remember the Patriots and if the pager went off at two in the morning because somebody ran away from our facility you had to answer the phone call but it was it was intense work and to see you know fifteen year old girls for actually thirteen year old girls with kids and I had to manage their care with the the judicial system I went to court a lot I made recommendations it was one of the most stressful jobs I've ever had in my life and I was in my early twenties how long did it take you before you get burned up like a year and a half so survey year and a half year doing this and you decide this is not this is not for me I I knew I needed to change what the landscape looks like so I wanted to help these kids but I wanted to do it in more of a recreational component I didn't WanNa feel like I was the police all the time and so I became a community involvement leader and I got these kids involved in the commute energy how long did you do that for about four years I really loved being in the more recreational component with these kids and kind of opening their eyes to a bigger world and hoping that they saw opportunity for themselves that was very gratifying like you'd play like sports I an take them for like nature walks and stuff like that I would do anything and everything I mean we went to a natural foods grocery store Wedneday got a tour of that and and I would take them to rockies games 'cause somebody would donate the tickets and then we had the cat petting club and I take them to the local animal shelter because they couldn't have pets in their home uh-huh and then we would have our community garden and so it was a year round program they come after school and during the summer I basically ran a summer camp and then I teach him how to cook and do arts and crafts I mean anything I could think to do I would do so this was like your Mba that was your management training it was it was good it was it was really fun I mean to this day I still think about these children and I wonder where they are what's happened what they're doing so during this time that I was being a social worker working as a shows worker I was also cultivating this passion for Natural Foods I had that happen well so let's go back to college college volleyball ours coach Eddie rule of no sugar and no red meat so at the time I was totally INA junk food I was eighteen years old you know my favorite replaced eat was any fast food restaurant you can name and then I all of a sudden studied stopping eating sugar and no red meat and he and just to be clear he felt that no red meat no sugar would result in and better performance from his players yes and did he did he like enforce this rule let's division one volleyball USC which is major like PAC ten school oh yes I remember thinking I can't believe I have the opportunity to play volleyball team I will do anything this man tells me to do and then I all of a sudden I'm study stopping being sugar and no read me it was really an interesting experience so I started feeling better so that was the first light bulb that went off for me mm-hmm Post College I'm you know I'm working as a social worker I start doing all this reading then started having migrates I started getting Migraines out of nowhere I'd never had them and I got a blood test and learn that I was actually very allergic to wheat wow you'd been eating we your whole life and after college you discover this yes I mean weeds in everything so this is in the early nineties at the time and there wasn't really many options and their their solution this is stop eating wheat and I'm thinking well what am I gonna eat so at the time I didn't even really know how to cook much might you know I grew up with two working parents my mom went to school and it was just a slaving over the stove every all right okay now is very convenient food oriented so I really didn't even know how to cook why to learn how to cook for myself because I have such a limited diet and I got introduced a natural foods at the time so things like Kale in keene y and all the things that we kind of know now is normal were totally for it to me especially in the mid ninety he's like it was weird to be at first and then I had I thought well I'm going to embrace this and so I would read everything I could food about recipes and nutrition and I just got into it and I made the most of it yeah so then I started thinking to myself in the background and of going through this whole experience and feeling better I thought I don't know I love natural foods this makes such this is common sense to me why don't people know about this why isn't somebody teaching us about healthy food and so my passion started to build sounds like you start to think about what you had to what you WanNa do well I knew I had an excitement and passion for natural foods I just didn't know how it was going to make a transition between being a social worker and natural foods they were two completely different worlds what was going on in your personal life where you single at the time is married and I was in the middle of getting divorced so was a huge change for me and I realized that I needed to get a divorce in the middle of all of this so you were you were young young woman married and getting divorced yes and an thinking about changing my career in a matter of six months and what were you thinking about doing at that point I didn't know but all I knew is that I needed to find the Kerr bridge to take a leap of faith and somehow someway I figured that out for myself and I left my marriage I left my job and decided I'm going to go back to school and I'm GonNa Study I WANNA get into naturopathic medical school in Naturopathic is like like natural homeopathic remedies and stuff yes so there's a school in Seattle Washington and one in Portland Oregon and naturopathic medicine and I thought I'm going to practice that which covers all natural medicine nutrition acupuncture everything and that's what I really I think that's the direction I wanna go
CNBC's Fast Money
How worried should you be about the bond market?
"Is this bond market flashing, a warning sign for us just how will reach should you be ten go love the double o seven? I mean, we love entendre on the show. So let's make this very clear the bond market. She is should you be concerned. Yes. And as I'd like to say, and I've said it probably way too many times for a lot of yours. But it growth scare is. Much worse than inflation. Scare I'd rather see more fed than less fed right now. And as much as people wanna see rate cuts. I do think the dynamic, where if anything we've got a fed that's nowhere near cutting any hiking anytime soon, whether they're cutting or not who knows bottom line. I think we're at two twenty before two eighty on the tenure, the Keene really right now for me would be credit. But to the extent that you see sovereign bond yields around the world, moving lower almost in unison, once again, this is a sign that growth is scarce. Right. You're making the point Karen that even the ten year yield is low the spreads actually better, the Spruyt the to tens bread is actually has widened. And it would think about it was I don't know twenty one basis points or so twenty one on a very low right on a very low ten. So that's a that's shows a pretty dramatic steepening. Now, I always say when twos, tens get narrowed that banks are not a giant to ten bed, and they'll say, the same even well now it's, you know, it's, it's less narrow is still not a giant to ten bed. But, you know. A a little bit concerned. I agree with him. I think we're seeing a I used to think the fed has left the building. Now, I think they're creeping back in as a dove. More dovish with more dovish? And, and I think I think we will probably see a cut is the two-tenths spread telling you something different. The two is more. Reflective of babywear are central Bank is when you look at where the day control the short and that when you look at the ten year, it's more reflective of I guess, market, participants view of growth. So when I think about this, and you just mentioned, this Tim grow scarcer, that's scary, sort of thing. I go back to two thousand fifteen when we were in a situation where we were worried about the Chinese. We were worrying about Chinese global growth. Where was the dollar box in the Dixie was about the same place? It is right now, crude was about the same place right now actually rates in two thousand fifteen we're right around two and a half on their way down to one six the next year or so. And I think it's really important to remember that the S and P five hundred went to like eighteen hundred in that period that double bottom that we had. In the summer followed fifteen into sixteen that sort of thing. So, you know, seems to be very big disconnect right now between the credit and the equity markets, the equity markets just a few percent from all-time highs, given what rates are telling us to me is a bit troubling new side with the bond market is telling I do because it's such a massive market, and it's much more massive than you know. And I think it's also important to remember real quickly that you know, you could make whatever excuses for the bottom that we had in December. But we are up twenty seven percent from there and people did not see an S and P five hundred at twenty three fifty at any point in two thousand eighteen and they did. They had concern. I have right now is looking at this as is are we are we at the low or do we see a little bit further down? I know one of the guys mentioned at bologna said, too, I said to twenty three. Right. I'm the guy got under as a two percent. I mean, I'm looking at more. I do. And is that a problem for your view on the equity market? It is a definite headache for the equity markets. And that's why I think you've got to be extremely selective because it. Seems like until we start to see that change mill.
Bloomberg Daybreak: Asia
Cristiano Ronaldo red card: Will he miss Man United game?
"Thoughts and plans are the world's economic and business experts. My can't we get a little bit of normalization in here. How do they convince people in the news conference for the symptoms amount there Tom Keene, and Jonathan when I say the media warders, how do you translate that? Weekday mornings at seven eastern, Bloomberg surveillance on Bloomberg radio, the Bloomberg business app, and bloombergradio dot com. Bloomberg the world is listening. You knew the risks
The Savage Nation with Michael Savage
Apple launch: Bigger! Faster! Pricier! Innovative?
"Tomorrow. Apple's expected to introduce several new iphones ipads, apple watches as the tech giant tries to become the first US company to reach a two trillion. Dollar market capitalization for a preview of what to expect Bloomberg's Tom Keene and Jonathan Farrow spoke with BT, I g analyst Walter Pijesak. Walter diode cell where are you right now on apple stock has been obviously been performing well as it typically does ahead of a an iphone launch. I guess warn people that the day of the launch itself, which I guess is expect tomorrow the announcement stock doesn't typically fair that well, but rather than being focused on the near term just looking at the long-term, or at least an intermediate term prospects of earnings rose said the company, that's the reason about this. Have you done a sum of the parts analysis of you ever have you actually tried to figure out what services slash itunes is? Is actually worth or the core franchise is worth. Or the peripheral is worth have you done a sum of the parts? We haven't done that yet, Tom. But, but it's it's interesting because it's so early stage if you look at the number of let's say active, I phone users that are out there. Creative strategies estimates that about eight hundred million eight hundred fifty million there's only three hundred million people today that are paying a regular subscription. So we're still early days in terms of number of customers paying regular service fees, and then no services themselves per customer, which in in in the service industry that's called. Our polls can probably go up on on new opportunities.